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    The Ultimate Forex Trading System-Unbeatable Strategy to Place 92% Winning Trades
    The Ultimate Forex Trading System-Unbeatable Strategy to Place 92% Winning Trades
    The Ultimate Forex Trading System-Unbeatable Strategy to Place 92% Winning Trades
    Ebook111 pages56 minutes

    The Ultimate Forex Trading System-Unbeatable Strategy to Place 92% Winning Trades

    By Mostafa Afshari

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    About this ebook

    The Ultimate Forex Trading System has chosen an easy, foolproof, practical approach to trading using only real time or leading inherent signals (chart patterns, price dynamics, currency pairs correlation, volume-price-analysis and traders sentiment) that control the currency moves. And because of this unique approach, The Ultimate Forex Trading System has reached an extraordinary performance. In a very short time the system makes you able to: 1- Analyze the market as accurate as possible, 2- Find the best entry and exit points and manage your trades, 3- Control your psychology during the trades and 4- Gain a consistent profit. With a proven 92% winning rate on all currency pairs and removing the three major Forex trading difficulties (profitability, manageability and psychology), The Ultimate Forex Trading System gives you an enjoyable, stress free and highly profitable trading experience. No matter you are an experienced trader or a beginner, The Ultimate Forex Trading System can boost your profit. As soon as you adopt the system, you will find yourself a naturally winning trader. Introducing High Performance and Optimal Trading concepts, it empowers you to take out the highest possible gain from your trades. Plenty of real trading examples, informative pictures and targeted exercises guide you step by step to The Ultimate Forex Trading System.
    LanguageEnglish
    PublishereBookIt.com
    Release dateSep 6, 2016
    ISBN9781456617431
    The Ultimate Forex Trading System-Unbeatable Strategy to Place 92% Winning Trades

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    Book preview

    The Ultimate Forex Trading System-Unbeatable Strategy to Place 92% Winning Trades - Mostafa Afshari

    Exercises

    Preface

    Forex trading is about having a solid trading strategy, having a sound plan to manage your risks, being able to control your excitements during a trade and having discipline. The Ultimate Forex Trading System-Unbeatable Strategy to Place 92% Winning Trades is an attempt to create a balanced system of all these four key factors. The result is a high performance trading system quite adaptable to any trading habit and personal lifestyle. This book includes the following topics.

    In part one I have explained preliminary but key concepts that every Forex trader need to know. Topics such as support and resistance, consolidation and breakout, the best currency pairs to trade, the best hours for trading and so on.

    In part two you will find eight essential Forex trading strategies that have passed my strict criteria to be easy to apply, highly profitable and manageable. Chart patterns trading as a classic trading method is the first strategy that I have explained in this book. Only very high probable chart patterns are discussed and real examples help you to discover their trading potential. In this chapter I have focused on training eyes and mind to predict (with high probability) how the next bar(s) will unfold. Price rejection (a subsidiary of price action) is the second trading strategy that I have discussed in this book. Using price rejection pin and twin bars (that reveals the momentum behind the price) is a classic skill that every professional trader has to know and benefit from it. The third strategy that I have explained is correlation (negative or positive) between currency pairs. Correlation trading is a very accurate strategy that exploits the discrepancy or time lag between two normally correlated currency pairs. Volume Price Analysis (VPA) is the next strategy that I have explored in this part of the book. Under this topic you will see how very simple rules enable you to interpret volume-price interplay and how it makes a real difference in your trading. For those who cannot be involved to trading 24 hours a day and wish to enter long term trades to have enough time to leave their trading room for a few days (or even weeks), long term trading strategy is the solution. Especially, a very highly probable trading method that I have called it Abandoned Baby EMA(5) is a very promising long term trading strategy. The sixth trading strategy uses real time sentiment charts (buy/sell positions) of worldwide traders to benefit from their opinion to forecast how the market will behave in the next hours. Checking multiple time frames is a good method to double confirm entering a trade. It has been discussed in Multiple Time Frame Trading Strategy chapter. News trading as the last strategy has been treated from a statistical point of view. How estimate your chance to enter a winning trade after or during news releases by studying the price history and market reaction to the medium or high impact news and what measures you have to take to manage this type of trading.

    Part three is the climax of the book because you will learn to combine all your knowledge about Forex basic concepts and various trading strategies to enter only high performance (more than 90% winning rate) trades. Many real trading examples will guide you to reach this level of trading skills. Money and risk management has been discussed around the very practical concept of risk/reward ratio, the only mechanism you need to control your trades, minimize your risks, maximize your profit and do trade in a very relaxed and comfortable state of mind. And under Psychology of Trading you will find the summary of the best advices to control your psychology during trades and maintain a winner mindset.

    Mostafa Afshari

    August 2016

    Part I

    Basics

    1. What is Forex?

    Forex is the knowledge and art of trading currencies in a way to gain some profit. In other words, Forex market is a place where people buy or sell currencies expecting profit. It is clear that we only buy when we expect the value of

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